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Seattle city, WA

ZIP 98117 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98117

Median Home Value
$1,028,100
Median Rent
$2,014
Affordability Snapshot
$283,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$6,604/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

42.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 98117 in Seattle city, WA, a household would need roughly $283,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $6,604. That is about 55% above the local median household income ($182,500), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
70.7%+8% vs US avg
x
Vacancy Rate
4.2%-59% vs US avg
x
Broadband Access
97.1%+12% vs US avg
x
4+ Bedrooms
5.0%-66% vs US avg
x
Built Pre-1939
14.3%+11% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
10.8%-78% vs US avg
x
Mortgage-Free
24.4%-36% vs US avg
x
$1,028,100
Home Value
$2,014
Rent
1950
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.3%
  • 1-unit attached4.8%
  • 2-9 units8.0%
  • 10+ units13.4%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,028,100
Median rent$2,014
Owner-occupied70.7%
Vacant4.2%
Price-to-income5.6x
Est. income to buy$283,000